Global Medical Device Contract Manufacturing
Market Report
2024
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The Medical Device Contract Manufacturing market was valued at USD 65.92 billion in 2022 and will reach USD 143.63 billion, with a CAGR of 11.77 % from 2021 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Medical Device Contract Manufacturing Market Sales Revenue 2022 | $ 65.92 Billion |
Global Medical Device Contract Manufacturing Market Sales Revenue 2030 | $ 143.63 Billion |
Global Medical Device Contract Manufacturing Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 11.77% |
Market Split by Device Type |
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Market Split by Service |
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Market Split by Class of Device |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Medical Device Contract Manufacturing industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Medical Device Contract Manufacturing Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A manufacturing contract is a contract between a company and a manufacturer to produce a product or products for the company within a specified period of time. The product will use the company's label or brand. This is called private label production. If done across borders, it is also often referred to as outsourcing. Unless customers provide their own service, manufacturers serve according to their own designs, formulations and specifications. They will produce this product for everyone they have a contract with, even for competing companies. One of the main factors contributing to the growth of the contract market is the increasing demand from the global medical equipment and pharmaceutical industry. However, data privacy risks and stringent regulations will act as restraints for the global contract manufacturing industry during the forecast period. The Asian countries have the highest growth rate during the forecast period. North America is going to dominate the medical device contract manufacturing market.
Market Dynamics of the Medical Device Contract Manufacturing Market
Increase in the Technological Advancements in Contract Manufacturing:
Due to the needs of the pharmaceutical industry, rapidly bringing new drugs to market requires significant investments in manufacturing. Some drugs have a design, mass production and require special equipment and procedures, technology and skill. The developing drugs or medical devices use new technologies such as machine learning, big data and artificial intelligence for rapid production. The technological advancements are time saving and increase the mass production in a short time. In addition, cost effectiveness for manufacturing companies will drive the growth of the medical device contract manufacturing market during the forecast period.
Restraining Factor:
To develop internal capabilities, the world's leading medical companies acquired specialized small and medium-sized companies. Other companies have focused on acquiring CMOs to reduce the costs associated with contract manufacturing. Such developments should shift some of the manufacturing from CMOs to OEMs. This increasing number of pharmaceutical companies to set up their own manufacturing site for the production and manufacturing of pharmaceutical products restrain the medical device contract manufacturing market.
Impact of the COVID-19 pandemic on the Medical Device Contract Manufacturing Market:
COVID-19 had a positive impact on the Medical Device Contract Manufacturing market. This is due to the increasing COVID-19 infection in the body, which directly affects the respiratory system which increases the demand for medical equipment like pulse oximeters, ventilators, face masks, and PPE kits. This causes an increase in the manufacturing of covid-related products and vaccines.
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Recent Developments:
June 2022
Amnovis and BAAT Medical have formed a partnership to provide a new and faster process for 3D printing medical devices. This enables medical device startups and OEMs to benefit from faster time-to-market for 3D-printed medical devices that impact patient outcomes.
May 2022
Biometrics said its new Balloons and Balloons Catheters Centre of Excellence in Galway, Ireland, is the first in Europe and the second outside the US after Costa Rica.
Top Companies Market Share in Medical Device Contract Manufacturing Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
On the basis of regions, the Medical Device Contract Manufacturing market is segmented into North America, Europe, Asia Pacific, South America and Middle East and Africa. North America dominates the Medical Device Contract Manufacturing market during the forecast period. It is due to the high efforts to improve the quality of medical devices by collecting information from the population. The APAC region is expected to have a substantial share of the market during the forecast period.
The current report Scope analyzes Medical Device Contract Manufacturing Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Medical Device Contract Manufacturing Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Medical Device Contract Manufacturing Industry growth. Medical Device Contract Manufacturing market has been segmented with the help of its Device Type, Service Class of Device, and others. Medical Device Contract Manufacturing market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
On the basis of device type, the Medical Device Contract Manufacturing market is segmented into IVD, Cardiovascular, Drug Delivery Devices, Diabetes Care, Orthopaedic, Ophthalmology, Endoscopy, Surgery. The IVD segment has the highest market share. This is attributed to the increasing IVD tests, growing availability of IVD kits, and the rising number of hospitals & clinical laboratories. Additionally, the market for IVD has suddenly increased because of the COVID-19 pandemic.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Medical Device Contract Manufacturing Industry. Request a Free Sample PDF!
On the basis of Service, Medical Device Contract Manufacturing market is segmented into Device Development and Manufacturing Services, Quality Management Services, Packaging and Assembly Services. The packaging and assembly services segment of the medical device market is expected to grow at the highest CAGR over the forecast period. This is due to the increasing adoption of contract manufacturing services and improving device development.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Medical Device Contract Manufacturing market report 2024 Edition by contacting our team.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses
I played a pivotal role in conducting market research and competitive analysis. I have a demonstrated ability to synthesize diverse data sources, identify trends, and translate findings into actionable recommendations. My collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization. I am committed to maintaining excellence through continuous learning and staying ahead of industry trends. Regular participation in conferences and professional development opportunities keeps my skills sharp and relevant.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Medical Device Contract Manufacturing Market is witnessing significant growth in the near future.
In 2023, the IVD segment accounted for noticeable share of global Medical Device Contract Manufacturing Market and is projected to experience significant growth in the near future.
The Device Development and Manufacturing Services segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Flex, Heraeus Holding and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Device Type | IVD, Cardiovascular, Drug Delivery Autoinjectors, Infusion Pumps, Diabetes Care, Orthopaedic, , Ophthalmology, Endoscopy, Surgery |
Service | Device Development and Manufacturing Services, Quality Management Services Packaging, Assembly Services |
Class of Device | Class I Medical Device, Class II Medical Device, Class III Medical Device |
List of Competitors | Flex, Jabil, Heraeus Holding, Integer, Sanmina, Plexus, TE Connectivity, Celestica, Tecomet, PPD, Cardinal Health, Eurofins Scientific, Intertek Group, SGS SA |
This chapter will help you gain GLOBAL Market Analysis of Medical Device Contract Manufacturing. Further deep in this chapter, you will be able to review Global Medical Device Contract Manufacturing Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Medical Device Contract Manufacturing Market Trends North America Medical Device Contract Manufacturing Technological Road Map North America Medical Device Contract Manufacturing Market Drivers North America Medical Device Contract Manufacturing Market Restraints North America Medical Device Contract Manufacturing Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Device Type Analysis 2019 -2031, will provide market size split by Device Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Device Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Service Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Class of Device Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Medical Device Contract Manufacturing market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why IVD have a significant impact on Medical Device Contract Manufacturing market? |
What are the key factors affecting the IVD and Cardiovascular of Medical Device Contract Manufacturing Market? |
What is the CAGR/Growth Rate of Device Development and Manufacturing Services during the forecast period? |
By type, which segment accounted for largest share of the global Medical Device Contract Manufacturing Market? |
Which region is expected to dominate the global Medical Device Contract Manufacturing Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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